VMware, a publicly traded division of data storage equipment maker EMC, said on Monday that it expects revenue of $1.17 billion to $1.19 billion for the first quarter, an increase of 11 percent to 13 percent but less than the $1.25 billion estimated by analysts on average.

For the full year, it aims to reach revenue of $5.23 billion to $5.35 billion, also lower than estimates of $5.42 billion.

Net income in the fourth quarter was $206 million, compared with $200 million a year earlier. Revenue was $1.29 billion, sightly above average analyst expectations of $1.28 billion, according to Thomson Reuters I/B/E/S.

Shares of the company were down 10.6 percent at $87.95 in extended trade.